Theoretical Indices

Table of Contents

Theoretical Indices

Definition

StockCharts publishes a series of “theoretical” indices that show an idealized pattern or trading sequence. For example, $THEW charts an ideal Elliott Wave sequence with three waves up and two down. $THHS charts a classic head-and-shoulders pattern on the chart. These indices can be used to understand how indicators react under these theoretical conditions.

Details

Chart Example

Symbol Sample

Click here for a current list and to see the starting date for these symbols. The example above shows a sample list of symbols. Note that the starting dates are shown in the symbol catalog under the “first data point” column.

The theoretical index symbols have the word “theory” in their name. As such, users can also find these indices by searching for the word “theory” in the symbol catalog (without quotations).

Resources

ChartSchool: There is also an article on the Sine Wave and Saw Tooth indices in our blogs section.